Mcconnell Dowell Corporation

Candlestick Daily volume index Bar reversal Edit

Backtest results

Position Trades Duration Win rate Win/loss Avg win Avg loss Return
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

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Trading Performance

Weak Reversal

Score

0.5

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 38 9.5 0.42% 0.64% 7.2% -4.5% 2.3%
SHORT 39 11.4 0.51% 0.95% 6.8% -3.7% 56.8%

Summary

Technical Analysis

Mcconnell Dowell Corporation (MDC.AX)


Indicator:

BULL HARAMI


Last Signal:

BULLISH


Trading: BUY @ $0.355
Signal Strength: STRONG
Recommendation:

Indicator CAN BE USED in additional to another technical indicator to confirmation for trading position. Indicator can be applied to the short term timeframe but is only able to give and indication of the strength of the buyers versus sellers at the market close. This Japanese candlestick indicator can provide guidance on the short term battle between sellers and buyers from the companies recent trading.


Mcconnell Dowell Corporation (ASX:MDC) has formed a new Bull Harami reversal pattern.



This pattern consists of a black body and a small white body that is completely inside the range of the black body. If an outline is drawn for the pattern it looks like a pregnant woman. This is not a coincidence. “Harami” is an old Japanese word for “pregnant”. The black candlestick is “the mother” and the small candlestick is “the baby”.

Calculation: Bull Harami Candlestick Pattern:
1) The market is characterized by a prevailing downtrend;
2) A black body is observed on the first day;
3) The white body that is formed on the second day is completely engulfed by the body of the first day;


PROFILE: Mcconnell Dowell Corporation (MDC.AX)


Stock Exchange: ASX
Company: Mcconnell Dowell Corporation
Ticker Codes: | MDC.AX | ASX:MDC |

About Mcconnell Dowell Corporation (ASX:MDC):

Medlab Clinical Limited, a medical research and development facility, engages in nutraceutical products and pharmaceutical research businesses in Australia. The company develops bio-therapeutics for chronic kidney diseases, pre-diabetes/obesity, depression, musculoskeletal muscle loss associated with ageing, and non-opioid pain management. It also provides nutraceuticals for anti-inflammatory, cardiovascular support, endocrine support, gastrointestinal support, immunological support, infants and toddlers, metabolic support, musculoskeletal support, neurological support, sports performance, urogenital support, and weight management, as well as for men, pregnancy, seniors, teenagers, and women support. The company has a strategic alliance with Heritage Brands Limited to develop and market its products for the pharmacy retail channel. Medlab Clinical Limited was founded in 2012 and is based in Alexandria, Australia.

Top 10:

Weak Reversal

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